Avestar Capital LLC Has $1.55 Million Stock Position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Avestar Capital LLC reduced its position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 83.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,168 shares of the exchange traded fund’s stock after selling 82,787 shares during the period. Avestar Capital LLC’s holdings in iShares Expanded Tech Sector ETF were worth $1,551,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in IGM. FMR LLC grew its holdings in shares of iShares Expanded Tech Sector ETF by 8.8% during the third quarter. FMR LLC now owns 31,272 shares of the exchange traded fund’s stock valued at $3,000,000 after buying an additional 2,519 shares in the last quarter. Bank of Montreal Can boosted its position in iShares Expanded Tech Sector ETF by 64.7% during the 3rd quarter. Bank of Montreal Can now owns 1,199,146 shares of the exchange traded fund’s stock worth $114,662,000 after acquiring an additional 471,204 shares during the period. Independent Advisor Alliance grew its stake in iShares Expanded Tech Sector ETF by 5.2% during the 3rd quarter. Independent Advisor Alliance now owns 3,307 shares of the exchange traded fund’s stock valued at $317,000 after acquiring an additional 162 shares in the last quarter. Centaurus Financial Inc. acquired a new position in shares of iShares Expanded Tech Sector ETF in the 3rd quarter valued at about $145,000. Finally, Fairscale Capital LLC increased its holdings in shares of iShares Expanded Tech Sector ETF by 4.4% in the 3rd quarter. Fairscale Capital LLC now owns 81,925 shares of the exchange traded fund’s stock valued at $7,860,000 after purchasing an additional 3,443 shares during the period.

iShares Expanded Tech Sector ETF Stock Performance

IGM stock opened at $101.20 on Tuesday. The firm has a 50 day simple moving average of $97.68 and a 200 day simple moving average of $93.70. iShares Expanded Tech Sector ETF has a 52 week low of $69.16 and a 52 week high of $102.61. The stock has a market cap of $5.10 billion, a P/E ratio of 7.11 and a beta of 1.53.

About iShares Expanded Tech Sector ETF

iShares North American Tech ETF, formerly iShares S&P North American Technology Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, of the United States-traded technology companies, as represented by the S&P North American Technology Sector Index (the Index).